Similar to other places in this area, it's a little less expensive compared to the rest of the nation. Compared to the city of Detroit however, it is significantly more expensive.
Home prices
The value of the median home in Armada is $163,100. This is roughly $7,380 (4%) higher compared to its nearby areas.In comparison to the entire nation it is approximately $54,400 (25%) lower, and compared to the city of Detroit is roughly $113,900 (231%) higher.
Rents
The median rent in Armada is $808 a month. Compared to the surrounding areas it is about $20 (2%) higher.It is roughly $254 (23%) lower in comparison to the rest of the country, and it is roughly $16 (1%) lower compared to the city of Detroit.
Nearby places
Romeo
Romeo is about 5 miles southwest of Armada. The housing prices there are a bit more expensive. The median home value in Romeo is $189,000, which is $25,900 (13%) higher than Armada. Its rents are fairly similar. Romeo's median rent is $785 per month, which comes out to $23 (2%) lower than Armada.
Memphis
Memphis is about 6 miles northeast of Armada. Its real estate prices are a bit less expensive. The value of the median home in Memphis is $126,800, which is $36,300 (28%) lower than Armada. The rent there is somewhat less expensive. Memphis's median rent is $723 per month, which works out to $85 (11%) lower than Armada.
Richmond
Richmond is about 6 miles east of Armada. Its housing prices are somewhat more expensive. The median home in Richmond is valued at $182,300, which works out to $19,200 (10%) higher than Armada. The rent there is a little less expensive. Richmond's median monthly rent is $682, which works out to $126 (18%) lower than Armada.
New Haven
New Haven is roughly 8 miles southeast from Armada. The real estate prices there are a lot less expensive. The median home in New Haven costs $120,800, which comes out to $42,300 (35%) lower than Armada. Rents there are a little more expensive. New Haven's median monthly rent is $1,025, which comes out to $217 (21%) higher than Armada.
Almont
Almont is approximately 8 miles northwest of Armada. Its real estate prices are similar. Almont's median home price is $159,700, which comes out to $3,400 (2%) lower than Armada. The rent there is a little less expensive. Almont's median rent is $727 a month, which comes out to $81 (11%) lower than Armada.
